Danville, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Danville short-term rental market based on reliable data.

Listings

137 / 238

Reliable / Active

Cap Rate

16%

Middle-Earners Gross Yield

Revenue

$25,989

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$158,318

Median Home Sale Price

Top Earners

$46,546

Top-Earners Revenue

Danville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Danville.

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B

Generally Investor friendly

Danville Regulations

Danville allows STRs citywide via accessory use zoning clearances in many districts or a Special Exception for primary use, with no caps and a clear multi‑step process; costs are moderate (CO $50, zoning clearance $20, STR permit $50, special exception $250) and the citytone supports a growing market (~145 approved). The overall compliance path is known and manageable despite inspections, licensing, safety equipment, and proposed tweaks to occupancy/parking and local‑manager requirements.

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About Danville

Danville is an independent city in Virginia's Southside region, set along the Dan River where Virginia meets North Carolina. With a population of approximately 40,000, it carries the character of a former tobacco and textile manufacturing center that has preserved a walkable historic downtown, brick tobacco warehouses, and a leafy riverfront. The city sits roughly 55 miles northeast of Greensboro, North Carolina, the nearest major metropolitan area, and serves as a quiet gateway to the rolling countryside of the southern Virginia Piedmont and the North Carolina borderlands.

The most prominent historical site in Danville is Sutherlin Mansion, a Greek Revival home where Confederate President Jefferson Davis and his cabinet fled in April 1865, in the final days of the Civil War. The mansion now anchors the Danville Museum of Fine Arts and History, with exhibits on Civil War history and regional art. It is located in the heart of downtown, an easy walk from many local accommodations and restaurants.

About 35 miles east of the city, near the community of Alton in Halifax County, lies Virginia International Raceway, one of North America's most respected road-racing circuits. The track hosts major sports car and motorcycle events throughout the year, drawing competitors, teams, and spectators who often seek lodging in nearby Danville. The drive from downtown takes about 45 minutes along U.S. Route 58.

The Dan River flows through the heart of Danville, and a paved Riverwalk Trail follows its banks for several miles, connecting parks and providing access to kayak and canoe outfitters. During warmer months, paddling the gentle rapids of the upper Dan is a popular local pastime, and the trail offers a scenic way to experience the city's natural setting without leaving the urban core.

With its blend of small-city amenities, layered Civil War history, proximity to a major racing venue, and easy access to the North Carolina Piedmont, Danville appeals to a varied short-term rental audience. Motorsport enthusiasts, history-minded travelers, outdoor recreators, and visitors touring the broader Southside region all find the city a comfortable and convenient base for exploring both sides of the Virginia-North Carolina line.

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